Daily Energy Cycles
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Energy Stocks Fall to Pieces
Slipped on A Patch of Oil
Good morning, everyone, and welcome to a shortened trading week. I won’t gripe about this three-day weekend as much, since I actually consider the holiday at hand to be legit, although I’ll still be grinding my teeth at the lengthy time away from the keyboard.
This day begins, of course, with oil, which is the big change from the last few weeks in which some bank disaster or another was the news of the day. This time, the global energy cartel has decided to poke its best customer in the eye, and although it’s off its highs from the initial spike, oil is still up about 6%.
Crude Oil Explosion
As you no doubt know, the world’s oil producers dropped a little price on the US of A and decided to turn of the spigot (partly, at least) to their production, thus causing crude oil to instantly rocket higher. As of this moment, which is a mere half hour into the futures trading day, oil is up almost 8%.
Zero Gas
I know some folks have been trying to catch this knife for a while, but natural gas (shown here by way of UNG) cannot find a bid. It’s incredible. Why can’t the S&P 500 look like this!?!?!?
